Currency depreciation makes imports:

**The reasoning** Currency depreciation means your naira loses value against foreign currencies like the dollar or pound. Let's say ₦1 = $1 today, and you want to import a phone worth $100. You'd need ₦100. Now your currency depreciates: ₦2 = $1. That same $100 phone now costs you ₦200! You need **more naira** to buy the same foreign goods. This is the **depreciation-import price principle**: When your currency weakens, you pay more in local currency for anything priced in foreign currency. Imports become more expensive because you're essentially buying dollars (or pounds) at a higher naira price. **Why the wrong options tempt you** **A) Cheaper** — You might confuse depreciation with *exports* becoming cheaper for foreigners (which is true — they benefit from our weak naira). **C) Banned / D) Free** — These are policy actions governments take. Depreciation is just a market change in exchange rates, not a law. **Quick takeaway** When naira depreciates, you need more naira to buy the same amount of dollars — so anything imported costs you more in naira terms.